Top 5 Sites to Exchange Bitcoin

The market for Bitcoins is an ever-growing one, with more businesses using Bitcoins to further themselves financially or to exchange for goods and services. Most people also see Bitcoin as a means to earn money in a world where digital technology continues ever forward. And if you’ve been in the Bitcoin industry for so long, you’ll notice that there is a growing number of Bitcoin exchanges.

Bitcoin is bought and sold through these exchanges. And for newbies, in the world of E-commerce, you’ll notice that there are dozens of Bitcoin Exchanges throughout the web. And for many neophytes, choosing the one that suits you the best may prove to be very challenging. However, there are a few out of the long list that many believe to be the best of the best.

Here are the top five Bitcoin Exchanges available in the market today:

Coinbase

One of the all-time popular and one of the most used online services online. Located in San Francisco, USA, this Bitcoin Exchanges mainly accepts credit cards as a form of payment. One of its best features is that it’s user-friendly for beginners. To many, Coinbase is considered the ideal Bitcoin Exchange service for newbies.

Poloniex

It is A service that is mainly located in Delaware, USA. Unlike CoinBase that supports credit cards, Poloniex uses cryptocurrency. What it lacks over user-friendliness for beginners, it makes up for it in its security thanks to its support for cryptocurrency.

LocalBitCoins

Another neat feature this site has over others it that it also accepts cash in order to purchase Bitcoins. This means that you don’t have to own a credit card, you can simply physical money to buy Bitcoins. LocalBitcoins also supports a wide range of payment methods.

BitSquare

An online open-sourced downloadable application that enables users to buy and sell Bitcoins and exchange them for currencies, or exchange them with crypto currencies. To use the application, simply download it, add your account for crypto currency, create a new offer, and then just follow the user interface.

Kraken

An exchanged group that is headquartered in San Francisco, this services boasts quality service that dates back all the way back to 2011. This is especially backed up by the fact that they were among the first to have trading prices that are displayed on the Bloomberg Germinal.

At the end of the day, these Bitcoin Exchanges are all about providing buyers and sellers more options on how and where to buy Bitcoins. But even if the site you have chosen has proven to be trustworthy, it never hurts to do a little research on which you will be using. This is because many newbie users lost more than they could. Finding out whether or not the website is truly safe will not only prevent any future problems from popping up, you’ll be able to better understand which site is considered legit while providing a better understanding of the how’s and why’s of Bitcoins Exchanges.